Villar, Pacquiao billionaires in Senate millionaires club

More from author

Sotto sees no need for ‘same-sex union’ law; House’s Zaldy Co pitches for one

PROPERTY rights of all Filipino citizens, regardless of gender, are well protected in existing statutes, and there...

Palace urged to sign scholarship law with intact budget

Malacañang was asked to sign into law the Congress-approved Medical Scholarship Bill to enable Congress to provide...

‘PHL has 3 options on rice imports without breaching WTO rules’

THE Duterte administration has three options to regulate rice importation without violating existing rules of the World...

SENATORS Cynthia Villar and Emmanuel Pacquiao emerged as the only billionaires, on top of 22 other senators belonging to the so-called Senate millionaires club, based on the mandatory filing of their 2018 Statements of Assets, Liabilities and Net worth (SALN).

Listed as the “poorest” but still members of the millionaires club were detained Senator Leila de Lima and neophyte Sen. Christopher Bong Go, whom President Duterte was earlier reported to have described as a “billionaire.”

Based on the summary of 2018 SALN filings provided by the Senate Secretariat, Villar declared her net worth at P3.53 billion, with no liabilities, while Pacquiao declared over P3 billion in total assets after deducting a P146-million liability.

Senate President Pro Tempore Ralph Recto emerged as third-richest member with an over P555-million net worth, followed by Senate Majority Leader Miguel Zubiri with P182.8 million; and Sen. Bong Revilla, who declared a P164-million total net worth after deducting a P37-million liability.

On the other hand, the “poorest” of the Senate millionaires club, de Lima declared her net worth at P7.7 million and Go as “second-poorest senator” declared his net worth as P15.5 million.

Much richer than Go are his fellow neophyte senators: Francis Tolentino who declared his net worth as P62.48 million, followed by Imee Marcos with P29.97 million, and Ronald dela Rosa declaring his net worth at P28.26 million.

The annual filing of SALNs is mandated by the Constitution and the Code of Conduct and Ethical Standards for Public Officials and Employees. It requires public officials to declare their assets including house and lots, vehicles, bank deposits and investments, as well as liabilities, including loans and other debts.

- Advertisement -



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More updates

SMART SOLUTIONS FOR SMARTER BUSINESS | Unleashing the fullest potential of Filipino enterprises

Cortex Enterprise Solutions was built to empower Filipino businesses to be on par with the digital...
- Advertisement -

NCR construction price hike slowest in September 2020–PSA

THE increase in wholesale construction prices in Metro Manila slowed to its lowest rate for the year, according to the Philippine Statistics Authority (PSA). PSA data showed that the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) only posted growth of 0.5 percent in September...

Weak dollar to boost PHL, other EMs–Moody’s

THE Philippines will stand to benefit from a potentially prolonged dollar weakness, as it will translate to lower peso values of its foreign currency liabilities, Moody’s Investor Service said in a recent assessment. “Some market experts have suggested that a period of prolonged dollar weakness could be on the...

PHL to host WTTC 2021; quicker rebound projected

THE World Travel and Tourism Council (WTTC) is looking forward to a quicker rebound in global tourism with recent innovations in inbound tourism and border controls by a growing number of countries amid the Covid-19 pandemic. At the opening ceremony of the virtual Philippine MICE Conference 2020 on Monday,...

PHL, S.E.A. neighbors must shun mid-income trap—EU-Asean Poll

TWO in every five European investors in Southeast Asia have warned that economies, including the Philippines, may find themselves caught in the middle-income trap due to a lack of cooperation among governments in the region. In a survey, the EU-Asean Business Council reported 60 percent of European firms said...
- Advertisement -

More updates

NCR construction price hike slowest in September 2020–PSA

THE increase in wholesale construction prices in Metro Manila slowed to its lowest rate for the year,...

In case you missed it